PORTLAND, Oregon, January 16, 2019 /PRNewswire/ --
Increase in incidences of cardiovascular, oncology, and diabetic conditions, surge in the number of diagnostic centers & hospitals, and rise in healthcare expenditure would facilitate the growth of the global active pharmaceutical ingredients market
Allied Market Research published a report, titled, "Global Active Pharmaceutical Ingredients Market - Opportunities and Forecasts, 2017-2023." The report offers extensive analyses of the drivers & opportunities, top investment pockets, key segments, industry size & projections, and competitive landscape. These insights would assist market players, investors, stakeholders, and new entrants to help them capitalize on the prevailing market opportunities and expand their presence across the globe.
The report provides detailed insights on drivers, restraints, and opportunities of the global active pharmaceutical ingredients market. Increase in incidences of cardiovascular, oncology, and diabetic conditions, surge in number of diagnostic centers and hospitals, and rise in healthcare expenditure facilitate the growth in the market. However, dearth of skilled workforce and limited access to drugs in the developing nations restrict the market growth. On the other hand, upsurge in geriatric population in developing nations and rise in awareness & education about various diseases create new opportunities in the market.
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The report analyzes the global active pharmaceutical ingredients market based on API type, drug type, manufacturer, therapy area, and geography. Based on API type, the report bifurcates the market into chemical API and biological API. The study subsegments the market based on drug type into innovative, generic, and over-the-counter (OTC) drugs. The manufacturer segment is further divided into captive (in-house) manufacturer and merchant (contract) manufacturer. Based on therapy area, the report further segments the market based on oncology drugs, cardiovascular drugs, non-steroidal anti-inflammatory drugs, neurology drugs, anti-diabetic drugs, musculoskeletal drugs, and others. Geographically, the report segments the global active pharmaceutical ingredients market into North America, Europe, Asia-Pacific, and LAMEA. The detailed analysis of these segments would help market players in determining dominating segments and help in strategy formulation.
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The report offers comprehensive analysis of leading market players such as Novartis AG, Pfizer, Inc., Sun Pharmaceutical Industries Ltd., Mylan N.V., Teva Pharmaceutical Industries Ltd., Actavis plc, Dr. Reddy's Laboratories, Hospira Inc., Lonza Group AG, and BASF SE. They have implemented various strategies such as partnerships, mergers & acquisitions, expansions, collaborations, joint ventures, and others to sustain the intense competition in the market.
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